College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; No trade today....

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
Voters: 135. You may not vote on this poll

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Old Sep 29, 2011, 1:54pm   #376
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread No trade today.
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Old Sep 30, 2011, 1:29pm   #377
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread +39 pips for the day.
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Old Sep 30, 2011, 5:40pm   #378
mjj
Joined Mar 2005
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
+39 pips for the day.
How did you manage 39 pips?
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Old Sep 30, 2011, 11:53pm   #379
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
How did you manage 39 pips?
I changed some settings so that could get 3.5% - 5.9% per day on the winning trades. I reduced the risk to just 25% max per day but only 15% per trade. I may get two trades per day as well. Yes, there will be losses. This will not reach $2M in two years but it should be fairly steady at around 30% per month average. Now it may take 2.5 to 3 years but I'm ok with that.
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Old Oct 1, 2011, 1:43am   #380
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Totals for the month. -36.8%

Because of the changes, I think I should see a more consistent gain per month without a huge drop. I'm trading on two pairs now and the gain will be 3.5% - 5.9% per day on the winning trades with only a max of 15% dd. Of course, some days I won't see any trades and others, the trades will be drawn out for several days. That's just how the market works.
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Old Oct 3, 2011, 12:28am   #381
 
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Joined Jul 2008
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
That's just how my system works.
FTFY
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Old Oct 3, 2011, 2:33am   #382
Joined Feb 2011
Re: College Fund Challenge

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Originally Posted by Hotch View Post
FTFY
IYBTYBA

I really get annoyed at all these acronyms.

What does FTFY mean? - FTFY Definition - Meaning of FTFY - InternetSlang.com
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Old Oct 3, 2011, 4:38am   #383
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by shewolf View Post
IYBTYBA

I really get annoyed at all these acronyms.

What does FTFY mean? - FTFY Definition - Meaning of FTFY - InternetSlang.com
Don't know what he fixed but ok. ROTFL

Let the races begin!!
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Old Oct 3, 2011, 8:28pm   #384
mjj
Joined Mar 2005
Re: College Fund Challenge

One pip on all my accounts today apart from ******** where I actually lost 4 pips! Not sure what happened there. Seems like the ******** data feed suffered from a bit of slippage during a big spike today. Not very happy with them

Good job I clawed a few pips back from them with my Sunday evening gap trading
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Old Oct 3, 2011, 10:55pm   #385
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Re: College Fund Challenge

tkbieber started this thread Ok, good start with +39.9 pips for the day.
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Old Oct 4, 2011, 1:02pm   #386
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Excellent trade today +49.1 pips for the day.
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Old Oct 5, 2011, 1:20pm   #387
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Just +1 pip for the day.
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Old Oct 6, 2011, 2:14am   #388
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Re: College Fund Challenge

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Originally Posted by tkbieber View Post
Excellent trade today +49.1 pips for the day.
Isn't your EA set to a 25 pips Target Price?
Or have you adjusted your TP?

Or are you adding up all the pips from your different accounts to get to a bigger total?
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Old Oct 6, 2011, 2:23am   #389
Joined Sep 2010
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
Just +1 pip for the day.
A summary of your Myfxbook chart:

Average win $8.16 VS Average loss $197.94
Best trade $41.72 VS Worst trade $357.83

Current Gain/Loss is Minus 32.55%

Sharpe Ratio Minus 0.11 (A Sharpe must at least be positive to be viable) A Sharpe ratio of 1.5 is acceptable, a Sharpe ratio of 2 is good and a Sharpe ratio of 2.5 is considered very good.

You need to work on your EA some more
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Old Oct 6, 2011, 3:01am   #390
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by traderman1 View Post
Isn't your EA set to a 25 pips Target Price?
Or have you adjusted your TP?

Or are you adding up all the pips from your different accounts to get to a bigger total?
I've adjusted some settings a bit. I added up the two trades, 39.2 and 9.9 from the same account on the same day. All my totals are from the $2M account.

I'm attempting 20-30% gain a month even if there is a SL hit. Good luck to me.

My original settings I haven't touched on this demo account. We'll see how that goes with risking still 60% per trade.
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